Annual Incentive Bonus

409A Guidelines on Payment of Annual Incentive Bonus

Fulcrum Partners Deferred Compensation News

From our friends at Winston & Strawn LLP, and attorney Michael S. Melbinger:   Payment of Annual Incentive Bonus by March 15 Now that the madness of Code Section 409A has subsided in the deepest, darkest corners of the mind and new generations are coming into the compensation and legal professions whose minds were not infected with the madness, I …

merger or aquisition

Has Your Company Been Part of a Merger or Acquisition On or After January 1, 2018?

Fulcrum Partners Deferred Compensation News

The Tax Cuts and Jobs Act of 2017 (TCJA) modified the Transfer of Value rules pertaining to Corporate Owned Life Insurance (COLI), Bank Owned Life Insurance (BOLI), Credit Union Owned Life Insurance (CUOLI), and other types of Employer Owned Life Insurances. If your company (or your client’s company) was involved in an acquisition on or after January 1, 2018, you …

2 compensation committee reminders

2 Compensation Committee Reminders from the Executive Compensation Blog

Fulcrum Partners Deferred Compensation News

The Deferred Compensation News blog is pleased to share insights from Attorney Michael S. Melbinger , Partner Winston Strawn LLP. Mike offers two reminders for compensation committees about their independence and charters. INDEPENDENCE As the annual meeting approaches, many boards think about the composition of their committees. Regarding the compensation committee, boards are asking whether they still need to satisfy the …

Security Tips for Plan Sponsors

6 Security Tips for Plan Sponsors to Help Participants Avoid Fraud

Fulcrum Partners Deferred Compensation News, Executive Benefits News

Strategic Retirement Partners (SRP) share the following helpful tips for plan sponsors who seek to do all that they can to keep plan participant accounts secure and fraud-free. Six Easy Steps to Keep Your Plan Assets Safe Cyber fraud is a growing concern globally. Individuals are typically very careful to keep their bank account and email authentication information safe, but …

Bank Owned Life Insurance Deferred Compensation Blog

BOLI: Bank Owned Life Insurance, the What and the Why

Fulcrum Partners Deferred Compensation News

Bank Owned Life Insurance: Executive Overview Bank Owned Life Insurance (BOLI) is an institutional financial product used by the majority of U.S. banks. BOLI involves the purchase of single premium institutionally-priced permanent life insurance on eligible consenting bank officers. The bank is the owner and beneficiary of the policies. Initial lump-sum premium investment equals cash surrender value on day one. …

Nonqualified Plans

Nonqualified Plans: Understanding the Fundamentals

Fulcrum Partners Deferred Compensation News

Background: Since the passage of The Employee Retirement Income Security Act of 1974 (ERISA), companies have found it difficult to provide their top executives with a retirement accumulation program that matches the level of benefits the average employee will receive. The Gap is Real   This information is from the Principal Financial Group® Replacement Ratio Calculator with source information from …

Your Fiduciary File: What Plan Sponsors Should Keep

Fulcrum Partners Deferred Compensation News

With tax season in full swing, lists of “What records to keep at tax time” or “How long to keep my tax records” are always plentiful on financial and lifestyle blogs and websites. But last week, the Strategic Retirement Partners blog published a helpful checklist that deals specifically with which records to keep (and for how long) in a Fiduciary …